The new products are:
• 2-year tracker with a rate of 2.99% and no fee, available up to 70% LTV to remortgagers.
• 2-year fix with a rate of 3.29% and a £495 fee, available up to 60% LTV to homebuyers with a maximum loan size of £550,000.
• 2-year tracker with a rate of 3.99% and a £995 fee, available up to 85% LTV to homebuyers.
• 2-year tracker with a rate of 4.19% and a £995 fee, available up to 85% LTV to remortgagers.
• 3-year fix with a rate of 4.99% and a £995 fee, available up to 85% LTV to homebuyers.
Santander has reduced rates on a number of products across its range, including:
• Rate reduced by 0.10% on 2-year tracker at 70% LTV, available exclusively to remortgagers with a Santander Current Account, now 2.49% with a £745 fee.
• Rate reduced by 0.10% on 2-year tracker at 70% LTV for remortgagers, now 2.49% with a £995 fee.
• Rate reduced by 0.10% on 2-year fix at 60% LTV for remortgagers, now 3.29% with a £495 fee.
• Rate reduced by 0.05% on 2-year tracker at 70% LTV, available exclusively to homebuyers with a Santander Current Account, now 2.44% with a £745 fee.
• Rate reduced by 0.05% on 2-year tracker at 70% LTV for homebuyers, now 2.44% with a £995 fee.
Phil Cliff, director of Santander Mortgages, said: “As the ‘Home of UK Mortgages', we are committed to supporting borrowers and we expect these fantastic new products to be well received by homebuyers and remortgagers alike. We have also reduced rates again, making our range of mortgages even more attractive to borrowers looking for a great deal.”
